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Which of the following criteria does NOT have to bene in order to be able to valorentory above cont The cost of disposal can be
Which of the following criteria does NOT have to bene in order to be able to valorentory above cont The cost of disposal can be estimated The sale is assured There is an active market for the product The sale must already have occurred Starfighted a staned 5600.000 of Accounts Receivable to Moonbeam Management as security for a loan of 5510.000 Mocha chanted a commission on the amount of the loan the Interest rate on the loan was 10%. During the best month Starlight collected $320,000 of the assigned accounts, after deducting 5500 or discounts as well, Starlight accepted returns worth 52.600 and wrote of assigned accounts totalling 54 500 Entries made by Starlight during the first month would include a debit to Accounts Receivable of $324,500 debit to Cash of $322,600 debit to Bad Debts Expense of $4,500. debit to Allowance for Doubtful Accounts of $4,500
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